India, Oct. 28 -- The Cyber Crime Police have uncovered a massive Rs.49-crore digital fraud that targeted Whizdm Finance, a private non-banking financial company in Bengaluru. Two people have been arrested in connection with the case, and investigators have managed to recover Rs.10 crore, which has since been returned to the firm.

The digital crime took place during the night of August 6 and 7, when hackers infiltrated Whizdm Finance's digital systems and drained crores of rupees through hundreds of rapid transactions. The company discovered the breach two days later during a manual audit and filed a complaint on August 9, according to a report by Times of India (TOI).

A team led by Deputy Commissioner of Police (Crime-2) Raja Imam Kasi...